Key Opportunities and Challenges in the Aircraft Transparencies Market
Posted by sandeeproy on January 15th, 2020
The Aircraft Transparencies Market is projected to grow from USD 1.4 billion in 2019 to USD 1.8 billion by 2025, at a CAGR of 4.3% during the forecast period. Increase in aircraft deliveries is a major factor driving the growth of the aircraft transparencies market. This growth in aircraft deliveries can be attributed to the increasing demand from the Asia Pacific and the Middle Eastern regions. As aircraft transparencies are utilized in an aircraft, an increase in aircraft deliveries is expected to drive the market for aircraft transparencies.
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By material, the polycarbonate segment is expected to be the largest contributor to the aircraft transparencies market during the forecast period.
Polycarbonate (PC) is a lightweight and high-performance plastic that possesses a unique balance of increased toughness, excellent dimensional stability, increased optical clarity, high heat resistance, and excellent electrical resistance. It is increasingly used in high-temperature applications. Polycarbonate experiences minimal degradation between heating and cooling points.
By coating type, the gold segment is projected to lead the aircraft transparencies market during the forecast period.
Gold coating or plating is used for the aircraft flight deck to heat the window for de-icing. Currently, aircraft transparency manufacturers are focusing on improving the materials used to manufacture aircraft cabin windows and windshields. Gold structures with advanced sealants and coatings help remove moisture penetration and cracking.
North America is expected to lead the market for aircraft transparencies during the forecast period.
In North America, the increase in aircraft orders and supplies is encouraging manufacturers of aircraft transparencies to increase their sales year on year. Moreover, increasing demand for commercial aircraft and presence of some of the leading players operating in the market such as PPG Industries (US), Lee Aerospace (US), Nordam (US), Texstars, Inc. (US), and GE Aviation (US) are expected to drive the growth of the aircraft transparencies market in North America. These players are focusing on R&D activities to increase their product line and are using advanced materials such as acrylic and polycarbonate for manufacturing aircraft transparencies.
Key Market Players
Major vendors in the aircraft transparencies market include PPG Industries (US), GKN Aerospace (UK), Saint-Gobain (France), Texstars (US), Nordam (US), GE Aviation (US), Lee Aerospace (US), and Llamas Plastics, Inc. (US). PPG Industries (US) is one of the major players in the aircraft transparencies market. The company focuses on securing contracts to strengthen its position in the aircraft transparencies market.
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